With the Implementing Regulation (EU) 2022/434 of 15 March 2022 the EU has adjusted the import quotas included in the EU’s steel safeguard. Following the introduction of import bans on steel from Belarus and Russia, quotas previously assigned to these two countries will be reallocated to other exporting countries on a proportional basis.
The changed quotas will apply from 1 April 2022. Quotas will be redistributed by product category. The import bans provide a three-month transition period to wind down existing contracts. During the transition period, any goods bought in these countries under contracts established prior to the cut-off date – including ancillary contracts necessary for the execution of existing contracts – will still be allowed to enter the EU.
Links:
Implementing Regulation (EU) 2022/434
EU adjusts steel safeguard quotas following import bans
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